NEW YORK, April 26, 2013 /PRNewswire/ -- ITG (NYSE: ITG), an independent execution and research broker, today announced the launch of a new hosted solution for ITG Order Management System (formerly known as Macgregor XIP). This new web-based solution offers a robust, cost-effective alternative to traditional OMS deployments for use by both long-only institutional investors and hedge funds. The ITG OMS hosted solution also provides real-time market data capabilities, redundant FIX connectivity and Disaster Recovery functionality.
The first institutional investor to go live with the new solution is Affinity Investment Advisors. "The hosted solution provides us with all of the functionality of ITG OMS without the need to purchase or lease dedicated servers and commit in-house information technology staff to support the platform," said Jeff Randolph, Chief Operating Officer at Affinity Investment Advisors. "Installing ITG OMS will enable us to spend more time focusing on our clients and our investment performance."
Also commenting on the new offering, ITG Managing Director and Head of Platforms, Will Geyer, said, "This hosted solution enables institutional investors to use all ITG OMS functionality via a web-based application, reducing IT spending without sacrificing stability, flexibility or performance. This innovation enables smaller asset managers and hedge funds to deploy ITG OMS, while larger institutions will be attracted by the built-in Disaster Recovery capabilities and FIX redundancy."
ITG OMS is available as a hosted solution as well as a traditional local installation. It offers broker-neutral multi-asset trading, compliance and portfolio management capabilities as well as seamless integration with ITG's Triton® execution management system and most third-party EMS platforms. For more information about ITG OMS and Triton, please visit www.itg.com/platforms or contact us at [email protected].
ITG is an independent execution and research broker that partners with global portfolio managers and traders to provide unique data-driven insights throughout the investment process. From investment decision through settlement, ITG helps clients understand market trends, improve performance, mitigate risk and navigate increasingly complex markets. ITG is headquartered in New York with offices in North America, Europe, and Asia Pacific. For more information, please visit www.itg.com.